Wynn Macau, Limited (Stock Code: 1128) has announced key highlights drawn from the unaudited fourth-quarter and full-year 2025 results of its controlling shareholder, Wynn Resorts, Limited. The figures reflect performance in Macau, where Wynn Macau, Limited operates gaming properties Wynn Palace and Wynn Macau.
Wynn Resorts, Limited reported that, in Q4 2025, operating revenues rose by US$33.40 million at Wynn Palace, reaching US$596.40 million, and by US$7.70 million at Wynn Macau, taking the total to US$371.30 million, compared with Q4 2024. The corresponding Adjusted Property EBITDAR for Wynn Palace came in at US$163.50 million, while Wynn Macau recorded US$107.40 million. Both properties experienced slightly lower table games win percentages in mass market operations. In addition, VIP table games turnover showed different trends: Wynn Palace recorded a notable increase compared with the prior year, while Wynn Macau saw a decrease.
For full-year 2025, Wynn Resorts, Limited stated that operating revenues at Wynn Palace rose by US$89.70 million year-on-year, while Wynn Macau’s operating revenues declined by US$54.00 million. Adjusted Property EBITDAR for Wynn Palace decreased by US$50.80 million year-on-year, and Wynn Macau’s Adjusted Property EBITDAR declined by US$39.70 million.
Wynn Resorts, Limited’s balance sheet figures indicated US$1.46 billion in cash and cash equivalents as of 31 December 2025, excluding US$601.80 million in short-term investments held by Wynn Macau, Limited. The total current and long-term debt outstanding was approximately US$10.55 billion, with US$5.79 billion of that amount related to Macau operations. The company also highlighted available borrowing capacity of US$1.23 billion under the Wynn Resorts Finance, LLC revolver and US$1.36 billion under the WM Cayman II revolver.
In the announcement, Wynn Macau, Limited underscored that the figures in Wynn Resorts, Limited’s publication are prepared in accordance with U.S. GAAP. Differences in accounting standards mean these results are not directly comparable with Wynn Macau, Limited’s IFRS-based disclosures. The company cautioned that the unaudited figures from Wynn Resorts, Limited may not necessarily reflect its own performance for the same periods and reminded investors to review all disclosed data with appropriate professional advice.
Wynn Macau, Limited also noted that Wynn Resorts, Limited’s reporting contained forward-looking statements subject to various risks and uncertainties. Investors were advised to exercise caution, as the financial data remains unaudited and is presented solely for reference regarding the Macau operations of Wynn Resorts, Limited.